Kingspan acquires US firm for €75m

Kingspan today announced it has completed the acquisition of American company Metecno, Inc., a global manufacturer of composite sandwich panels in a deal worth $111m (€75m).

Metecno is the second largest manufacturer of composite sandwich panels in the US market, operating from three sites located in Florida, Ohio and California. Metecno also comprises a leading architectural metal wall and roof panel profile business, operating under the Morin brand, from two sites in Connecticut and California.